It outlines your business goals, notes possible obstacles, and describes your strategies for meeting your goals.
As a living document, it should be updated frequently as the laundromat grows and changes.
Executive Summary Although it is normally written last, the executive summary is the introductory section of the business plan.
You have only the first page to capture the attention of lenders and investors, so use that space wisely.
If you use energy-efficient machines, you might have a high initial cost but lower bills thereafter.
Will you need to hire part-time workers to keep the store clean and handle other basic duties? You may need to consult a bookkeeper, accountant, and/or marketing professional as well.Of course, as we just mentioned, being too near other laundromats could affect your ability to attract customers.In addition, being near a major road, having visible signage, and offering lots of parking will help you gain attention. A neighborhood of wealthy families is less likely to need a laundromat than an area with many apartments and young people.So unless you hire staff to clean and maintain the laundromat, you will need to do this yourself.Plan on visiting the store daily, performing basic janitorial duties, contacting vendors for repairs, collecting profits, and handling customer complaints.With hard work and prudent planning, you’re sure to find success.If you’re interested in opening a laundromat, be sure to check out Laundry Solutions Company, a full-service provider of premium vended, on-premises, and multi-housing commercial laundry equipment.In addition, a laundromat requires a significant upfront cash outlay.If you are seeking financing, your business plan is absolutely essential. Your business plan provides a quick snapshot of your laundromat today, along with a detailed growth plan for the next three to five years.MARKETING You won’t be profitable if customers don’t know that you exist and that you offer a great service.Consider placing advertisements, buying attractive signage, and building an online presence to attract attention and communicate with your customers.